March 25, 2025
A History Of Transfers
The move follows similar transfers in March, as 12,000 Bitcoin worth over $1 billion were transferred on March 6th and 11,833 BTC on March 11th. Mt. Gox still holds around 35,000 BTC, worth $3.1 billion.
Source: Arkham Intelligence
Arkham flagged the recent transfer as Mt. Gox’s third major Bitcoin move in less than a month. It sent 893 BTC worth $78 million to its cold wallet and 10,608 BTC worth $929 million to its hot wallet.
Spot On Chain also tracked some funds transferred to Bitstamp, speculating that the BTC sent to the hot wallet might be moved again soon.
Creditor Repayments
Mt. Gox, declared bankrupt in 2014 after losing 850,000 Bitcoin in a hack, has been liquidating assets for creditor repayments. In early 2024, the trustee extended the repayment deadline to October 2025.
Many creditors have also yet to receive payouts due to incomplete procedures. A July 2024 poll showed 56% of Mt. Gox creditors planned to hold onto their Bitcoin payouts.
In December 2024, Mt. Gox moved 24,000 BTC, worth nearly $2.4 billion, to an unknown address, and later transferred 1,620 BTC through several wallets.
